The General Industrial Production Index (IPI) fell by 4% year-on-year last April, a rate 9.4 points lower than in March and its biggest decline since January 2021. In the case of the Canary Islands, it was the only community that experienced a year-on-year increase, growing by 2.4 percent, as reported this Tuesday by the National Statistics Institute (INE).
With the fall in April, industrial production returns to negative year-on-year rates after having registered an increase of 5.4 percent in March.
Production in the consumer durables industry fell the most in the fourth month of the year, with a year-on-year decline of 9.9%. It was followed by intermediate goods (-6.5%); non-durable consumer goods (-4.6%); energy (-2.1%), and capital goods (-0.6%).
By branches of activity, those whose production fell most in year-on-year terms were the wood and cork industry (-23.9%); the leather and footwear industry (-18.2%); the manufacture of garments (-13.7%) and the paper industry (-13.4%).
Among the increases, the most pronounced were recorded by other mining and quarrying (+41.8%); mining and quarrying (+39.4%) and the manufacture of other transport equipment (+17%).
Adjusted for seasonal and calendar effects, industrial production fell by 0.9% in April compared with the same month in 2022, a rate 5 points lower than in March.
CANARY ISLANDS ARE ONE OF TWO REGIONS OF SPAIN THAT INCREASE THEIR INDUSTRIAL PRODUCTION
Industrial production fell in April at a year-on-year rate in fourteen Autonomous Communities, remained unchanged in Comunidad Valenciana and only rose in the Canary Islands (+2.4%) and Galicia (+0.1%).
The biggest falls were recorded in La Rioja (-11.5%), Aragon (-9.2%), Extremadura (-8.6%), Murcia (-7.5%) and Asturias, where production in the industrial sector fell by 7.4% compared with April 2022.
INDUSTRIAL PRODUCTION PLUMMETS BY 1.8%
In monthly terms (April over March) and within the adjusted series, industrial production fell by 1.8%, its largest monthly drop since March 2022, when it fell by 2.7%.
By branch of activity, the largest monthly falls in production in the corrected series corresponded to the tobacco and other extractive industries (-8.1% in both cases) and furniture manufacture (-5.7%).
By contrast, the largest monthly increases in production were seen in the manufacture of other transport equipment (+4.6%); the leather and footwear industry (+3.6%), and the manufacture of coke and refined petroleum products (+2.1%).
